BREAKING NEWS: Post the NAR Settlement, Arkansas discount real estate brokers can save you almost the entire 6% commission. That translates to saving up to $15,912 in commission on an average $265,200 Arkansas home.
Whether you’re selling a house in Fort Smith to Jonesboro, the best discount real estate brokers in Arkansas will help you save on the 3% listing agent commission. And an additional up to 2.5% to 3% on the buyer agent commission! That’s a cool $16K on an average Arkansas home.
Rankings: Top 5 Arkansas Discount Real Estate Brokers
We’ve listed the top 5 discount real estate brokers in the Natural State based on how much you can save on an average $265,200 home.
| Rank | Discount Real Estate Broker / Company | Listing Fee | Max Savings | 100% Online | Mobile App |
|---|---|---|---|---|---|
| 1. | Houzeo.com | $399 Flat Fee | ✅ | ✅ | ✅ |
| 2. | Flat Fee Realty Northwest Arkansas | $299 | ❌ | ❌ | ❌ |
| 3. | Small Fee Realty LLC | Varies | ❌ | ❌ | ❌ |
| 4. | UpNest | Varies | ❌ | ❌ | ❌ |
| 5. | Redfin | 1.5% | ❌ | ❌ | ❌ |
Types of Real Estate Discount Brokers in Arkansas
There are two types of Arkansas discount real estate brokers:
- Flat Rate Discount Brokers: Also called Flat Fee MLS companies, these discount realty services let you list your home for a fixed upfront fee. A Flat Fee MLS Arkansas listing service costs between $399 to $4,000.
- Fixed Percentage Discount Brokers: These discount Realtors charge a fixed percentage of the home’s sale price. Typically, it is anything lower than the traditional 3% fee: 1%, 1.5%, 2% or 2.5%, etc.
Reviews: 2 Best Flat Rate Discount Real Estate Companies in Arkansas
1. Houzeo.com: Max Savings, No Hidden Fees
#1 Discount Real Estate Service
Listing Fee: $399+$350 at closing4.9/5
Houzeo is a top technology-driven real estate platform. It offers 4 different packages:
- Bronze Package ($399 + $350 at Close): List your house for 6 months. You can upload 24 house photos.
- Silver Package ($399+0.5% at Close): List your home for 6 months and post maximum photos. Unlimited open houses and listing modifications are included in this package.
- Gold Package ($429+0.5% at Close): This package offers all the benefits of the Silver package, as well as licensed broker assistance, contract review, and more.
- Platinum Package ($449+1% at Close): This package offers virtual full-service support with a licensed broker. You can list for 12 months. Brokers assist you in negotiations, disclosures, and closing.
👉 Our Take: We recommend Houzeo to all home sellers. The company has a stellar 4.9/5 customer rating. It also provides coverage in 47 states + DC, making it one of the few services with nationwide reach.
» Houzeo Reviews: Houzeo is 100% online. You can finish listing formalities within 60 minutes.
These are the key features that make Houzeo one of the top discount real estate brokers:
- Significant Commission Savings: You will pay just a small flat fee to list on the MLS. On average, Houzeo home sellers save $12,231.
- No Hidden Fees: All costs are disclosed upfront so you don’t have to worry about hidden charges.
- Near Nationwide Coverage: Houzeo operates in 47 states and DC, with ongoing plans for expansion.
- Max Exposure: Houzeo packages give you access to renowned MLS companies.
- Advanced Technology: Eliminate the hassle of extensive paperwork. E-signature and online forms make house listing quick and easy.
- 5-star Customer Service: Dedicated customer support addresses your every concern easily.
- Mobile App: Houzeo’s mobile app lets you manage showing requests from verified buyers and buyer agents. You can either accept, reject, or reschedule showings at your convenience.
- Home Value Estimator: Houzeo’s Home Worth Estimator is online and quick to know the FMV of your home. It provides free home value estimate within 30 seconds.
There are no dealbreakers with Houzeo.
» Houzeo Reviews: Houzeo is rated “Excellent” by 10,100+ happy customers on Google Reviews and Trustpilot!
Houzeo Reviews: With over 10,100+ happy customers, Houzeo is the most trusted discount real estate broker.
Houzeo is Arkansas’s #1 ranked discount real estate company because sellers only have to pay a flat rate. It provides an unbeatable combination of maximum savings and 5-star customer support.
2. Flat Fee Realty Northwest Arkansas
FOR EXPERIENCED SELLERS
Listing Fee: $299Flat Fee Realty Northwest Arkansas can be a decent option for home sellers with a fair idea of the local real estate market.
- Single Plan – $299: Their website doesn’t mention any services under this plan. But, they do offer MLS listings and syndication to other real estate sites. You can list your Arkansas house on the regional MLS.
👉 Our Take: The plan is affordable. However, its services are not listed upfront; this raises serious questions about transparency. The service may not suit first-time home sellers.
Based on our research, the benefits of Flat Fee Realty Northwest Arkansas are:
- Additional Services: It offers a list of à la carte options to fast-track the listing process. However, you must sign up first to see your options.
- Listing for Multiple Property Types: You can list your property under a single-family home, condo, multi-family home, lot, or other types.
In our research, we found some limitations with Flat Fee Realty Northwest Arkansas.
- Lack of Transparency: The main services aren’t listed up front. You have to sign up first to learn more about the features.
- Limited Coverage: Their service is available only in Arkansas.
- Not for First-Time Sellers: Flat Fee Realty Northwest Arkansas may not be ideal for you if you are a first-time seller. You will have to conduct tours and communicate with buyers on your own.
- Limited Reviews: Despite being in the business for over 5 years, it does not have enough reviews.
In our research, we found zero credible reviews for Flat Fee Realty Northwest Arkansas.
Flat Fee Realty Northwest Arkansas is a regional flat fee MLS platform. AK home sellers looking for local expertise can benefit here.
Although the only package they offer is reasonably priced at $299, the additional services are expensive. On top of that, the cost of these additional services is not mentioned upfront.
Reviews: 3 Best Fixed Percent Discount Brokers in Arkansas
3. Small Fee Realty LLC
GOOD EXPOSURE
Listing Fee: Varies4.9/5
Small Fee Realty offers services for both home sellers and home buyers. They offer the following packages:
For Home Sellers:
- 1% Listing Commission: It includes a 12-month local MLS listing, professional photos, yard signs, pricing and staging advice, access to digital flyers, and a secure realtor lockbox. Your home gets listed on 900 national and local websites.
- Silver Listing – $375: In this plan, you get six months of MLS Listing with photos and a full seller representation by a licensed Realtor for 0.75% at closing.
- Gold Listing – $525: You get 12 months of MLS listings with professional HDR photos. They also offer a full seller representation by a licensed Realtor for 0.75% at closing.
- Platinum Listing – $750: It includes professional HDR photos and a 3D virtual tour. They also get you listed on additional MLS markets and offer a full seller representation by a licensed Realtor for 0.75% at closing.
For Home Buyers:
- Buyers Rebate: You get $1,000 when you purchase your home through Small Fee Realty.
👉 Our Take: Small Fee Realty Arkansas is good for AR home sellers and buyers. However, along with their flat fee, they charge an additional 0.75% at closing if you opt for full seller representation.
Small Fee Realty has certain advantages:
- Full Seller Representation: You have the option to opt for a full seller representation by a licensed realtor with every plan. However, you must pay an additional 0.75% at closing if you opt for the service.
- Professional Photography: In the expensive plans you get professional photos to maximize your chances of finding the best offer.
- Maximum Exposure: All packages include listing on over 900 national and local real estate websites. It ensures extensive visibility for your property.
Small Fee Realty has certain disadvantages:
- Expensive Flat Fee Plans: The basic plan starts at $375 + 0.75% at closing in case you opt for more assistance.
- Per Month Listing Charges: You must pay $29.99 per month until your home sells. Most platforms offer a fixed listing term (6 to 12 months) inclusive of the flat fee plan you select.
Small Fee Realty enjoys 4.9 stars from 5 stars rating on Google.
Small Fee Realty is a good choice for home sellers and buyers in Arkansas. They offer services for both home sellers and home buyers.
However, they charge an additional 0.75% at closing if you opt for extra assistance. This is charged over your one-time flat fee payment. So, it may not be ideal for budget-conscious sellers!
4. UpNest: Varies, Nationwide Coverage
Negotiable FEES
Listing Fee: Varies as per the agent4.7/5
UpNest offers agent-matching services. Here’s how it works:
- No Upfront Cost: UpNest connects you with top local real estate agents at no upfront cost. Agents will discuss commission rates, fees, and potential discounts directly with you.
👉 Our Take: With UpNest you get multiple real estate agent options to choose from. However, agents’ commission rates and qualifications can vary significantly, and the quality of service may depend on the broker you select.
Here’s what UpNest offers:
- Multiple Agent Proposals: Get 3–5 commission quotes from top local agents. Compare options easily without contacting agents yourself.
- Quick Turnaround: Receive agent matches within 24 hours of signing up.
- Transparent Pricing: View all commission rates and potential savings upfront. There are no hidden fees or pressure to commit.
- Nationwide Coverage: It offers service throughout the US. It connects you with the local agent who has current market insights.
Here are some of the downsides of working with UpNest:
- No Guaranteed Savings: UpNest does not offer guaranteed savings. Instead, each agent sets their own listing fee.
- No Control Over Agent Selection: UpNest shows you commission quotes from selected agents. As a result, you might miss out on other qualified agents who are part of their network.
UpNest has a rating of 4.7 out of 5 stars on Google.
» UpNest Reviews: Is UpNest actually saving you money in 2024? Read to find out.
UpNest is a licensed agent-matching brokerage. It is headquartered in California. Move, Inc., (the parent company of Realtor.com) acquired UpNest in June 2022.
UpNest pairs you with local agents with a proven sales record. However, you may end up fixing a high commission for the agent.
5. Redfin: 1% Listing Fee, Statewide Coverage
#1 Nationwide Brokerage
1% Listing Fee3.3/5
Redfin is America’s #1 discount real estate brokerage. It offers services in 100+ real estate markets across the country in 49 states.
- Redfin Full-Service Agent – 1.5% Commission: This is a full-service package. This includes pricing assistance, listing paperwork, negotiation support, etc.
- Redfin Concierge – 2.5% Commission: The “Concierge” plan includes everything from the Full-Service package. Additional services include professional cleaning and home staging.
- Redfin Premier Agent – 1.5% Commission: This package is exclusively for luxury properties and includes everything that comes with the Full-Service package.
Mobile App: Yes
👉Our Take: When you opt for Redfin, you can save a considerable amount on the commission fees. Although Redfin tries to provide its service 3x faster than the traditional method, it limits its ability to provide personalized service.
Here are some advantages of choosing Redfin:
- Advanced Technology: Redfin is primarily known for its advanced tech platform and mobile app.
- Full-Service Agents at Low Commission – 1.5%: Redfin’s full-service package is priced at 1.5%. It saves you thousands of dollars compared to the traditional 3% listing commission.
- Detailed Paperwork: Redfin provides the necessary paperwork and an elaborate listing agreement with a marketing plan.
- Nationwide Coverage: Redfin covers 80+ markets in the US.
- Easy Deal Closings: Redfin agents help with negotiations and guide you throughout your home-selling process. It will make your closing easy and faster.
In our research, we found some red flags of Redfin, that could make your experience less satisfactory.
- Lack of Personalized Services: Customers have often complained that Redfin agents are not able to give personalized service, as they serve a high volume of clients.
- Poor Customer Reviews: Customers have complained that agents are often unreachable and unprofessional.
- Slow Listing Process: According to Redfin’s listing agreement, a Redfin property takes 18 days to list on MLS. Services like Houzeo will list you on the MLS within 24 to 48 hours.
- Limited Agent Selection: As per customer reviews, Redfin lacks an array of agents. This means you get an agent assigned automatically without having any choice in the matter.
- Agents are Less Incentivized: Unlike traditional agents who work for commission, Redfin agents get a fixed salary. This can demotivate them from offering you services apart from Redfin’s defined services.
Redfin has an average rating of 3.3 out of 5 stars on Yelp.
» Redfin Reviews: The Reality of 1% Fees, Pros & Alternatives
Redfin, founded in Seattle in 2002 by Mr. David Eraker, covers 80+ markets in the US. It provides an elaborate listing agreement with a marketing plan for your home.
However, this agreement specifies a long 18-day timeframe for listing your property on the MLS. Additionally, some customers have expressed concerns about the non-availability and unprofessionalism of their agents.
Discount Real Estate Brokers Arkansas: How Much Will You Save?💲
Arkansas discount brokers can help you save almost the entire 6% commission, depending on your home’s worth.
If you choose a 6% full-service Realtor, you’d pay $15,912 to sell an average $265,200 house in the Natural State. But, if you choose a flat-rate broker company, you save thousands. With Houzeo’s Gold plan, you only pay $1,755 and save $14,157!
NAR Settlement Saves Sellers Thousands in Commission
The NAR Settlement went into effect on August 17, 2024. Buyer agent commissions can no longer be offered on the MLS. This means sellers will save thousands! But it also means there’s a lot more compliance and litigation risks.
Here’s what this means for you:
- Sellers Can Save Thousands in Commissions: You will likely be paying much less than the traditional 3% buyer agent commission. That’s because buyer agent commissions will be negotiated twice: Once when buyers engage Buyer Agents and again when sellers review offer contracts.
- Seller Priority #1 Will Be Paperwork (to Mitigate Compliance & Litigation Risks): Buyer agents mitigate all types of risks. From seller disclosures, offer contracts, contingencies, inspections, repair requests, appraisal, and closing – Buyer agents keep the paperwork tight. Their state licensing authorities, Realtor associations, and MLS’ audit paperwork compliance. Without buyer agents, sellers will have to learn and adapt. Or risk expensive litigation.
- Negotiations Can Now Feel Like Haggling: Buyer agent commissions will now be part of offer contracts and buyer agency agreements. Buyers may ask sellers to include commissions in the form of seller concessions. That means home buyers and sellers alike will be negotiating commissions. Sellers will need expert licensed brokers to help them with these negotiations.
- Buyer Agent Commissions Can Be Offered Offline: Buyer agent commissions can still be offered outside of the MLS. They just cannot be advertised on the MLS.
Discount Realtors in Arkansas: Pros and Cons
Even though cheap Realtors in Arkansas will save you thousands in commissions, you should consider the advantages and disadvantages of hiring one:
Pros ✅
- Sell Home for a Discounted Fee: You’ll pay less fees for a discount real estate listing in Arkansas than a 6% Realtor. Even if you only want to list your Arkansas home on MLS, you pay a much lower fee than the typical 3% listing agent fee.
- Receive Full-Service Realtor Services: Discount real estate agents in Arkansas will provide the basic services that any traditional agent would. This includes assistance with pricing your home, marketing, paperwork, and negotiations.
Cons ❌
- You May Become a Victim of Hidden Fees: Some discount brokerages in Arkansas may charge hidden fees or sell essential services a la carte. Beware of shady discounted agents who lure you in with significantly low fees. Do your research and look at the best discount realtors in AR.
- Unreliable Service Quality: Discounted real estate brokers in Arkansas handle multiple clients at once to make up for the reduced commission rate. They may not be able to provide personalized assistance all the time.
- High Cancellation Fees: An AR discount real estate broker can charge a minimum withdrawal fee within a specified period. Remember to carefully review the terms and conditions of the contract before signing.
Alternatives to Discount Real Estate Agents in Arkansas
Here are some options if you do not want to opt for a discount Realtor in Arkansas:
- Sell Your Home For Sale By Owner: In a FSBO sale, you’ll have to opt for “DIY” marketing strategies like using FSBO signs, word of mouth, open houses, etc. But your listing won’t be on Zillow, Trulia, Realtor.com, and Homes.com! Meanwhile, FSBO websites in Arkansas will help you list on the MLS and increase exposure.
- Sell Your House to Cash Buyers: Almost all cash buyers in Arkansas scour the MLS for Arkansas homes for sale. This includes iBuyers, investors, and home flippers.
- Sell With a Full-Service Realtor: If you are not interested in saving your equity, you can hire a full-service, in-person Realtor in Arkansas. You’ll end up paying a full 5% to 6% commission. That’s $15,912 on a $265,200 home gone!
Frequently Asked Questions
Who are the best discount real estate brokers in Arkansas?
Houzeo.com and Flat Fee Realty Northwest Arkansas are the top discount real estate brokers in Arkansas. Both provide an incredible combination of savings. However, Flat Fee Realty has only 10 reviews while thousands of sellers have rated Houzeo as 4.9 out of 5.
» Houzeo Reviews: Find out why 15,000+ home sellers love Houzeo.
How much is the real estate agent fees in Arkansas?
On average, traditional agents in Arkansas charge 5% to 6% of the sale price as commission. On the other hand, discount real estate brokerage firms in Arkansas charge 1% to 3%.
How do I find a discount broker near me in Arkansas?
You could choose a discount broker, or list your home using Houzeo. With Houzeo, your home will be listed on the MLS within 24 to 48 hours.
Can you negotiate Realtor fees in Arkansas?
Yes, you can! Infact, post the NAR Settlement, you can now also negotiate buyer’s agent commissions.
